UK Government Considers Blockchain for ‘Digital Strategy’ Plan
Blockchain and smart contracts are to feature among the U.K. government’s key technologies as it works at pushing its digital strategy plan, in a policy paper unveiled earlier this month. The paper, UK Digital Strategy 2017, by the Department for Culture Media & Sport, highlights a number of areas, which are intended to support the advancement of the digital space in the U.K. The paper pinpoints the Digital Catapult Sector, ‘a space for technologists, creatives from business and academia to collaborate and develop their new ideas and showcase their products to the UK and the rest of....
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HM Treasury, the U. K. government's economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U. K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. The new document comes in response to a public call for input published in November on developing digital currency regulations. That call generated 120 responses from digital currency developers, businesses providing digital currency related services, banks,....
West Virginia University's (WVU) Student Government Association (SGA) is debating whether to use a blockchain-based voting platform for its upcoming elections, according to the college's student-run newspaper, The Daily Athenauem. The initiative, proposed by WVU students Ankur Kumar and Ricky Kirkendall, would allow students to use iPad apps to vote for Student Body President and Vice President, as opposed to traditional voting machines. If implemented, the students argue, the plan would save the SGA anywhere from $5,000-$7,000, the difference between renting voting machines or purchasing....
Under the plan, the blockchain-powered ID would be fully decentralized, meaning the government won't be able to see how or when the ID is being used. South Koreans could soon allow its citizens to use blockchain-based digital identification (ID) instead of physical cards as soon as 2024, as the nation further embraces blockchain technology. According to an Oct. 17 report from Bloomberg, a plan from the government will see digital IDs embedded as an app within mobile devices in the future, working in a similar fashion to physical resident registration cards. The digital IDs are expected to....
MicroStrategy’s ongoing “Bitcoin Acquisition Strategy” sees it continue to take on debt to buy more BTC. Why do investors remain excited? The post Why Investors Are So Excited About MicroStrategy’s Bitcoin Acquisition Plan appeared first on Bitcoin Magazine.
The UK Treasury has announced a series of initiatives dealing with digital currency in a landmark report published in conjunction with the Chancellor of the Exchequer's annual budget speech today. The announcement is the government's first major attempt to grapple with the regulatory and consumer safety issues surrounding digital currencies. The report is largely positive towards digital currencies, noting its potential as a payments technology, while also underlining its nascent state and the potential risks associated with its use. The report said: "The government considers that digital....